Why Beyond Meat Stock Jumped 22% in November
Shares of Beyond Meat (NASDAQ: BYND) were sizzling in November as the stock heated up after a long slump.
Investors were encouraged by news of layoffs and further cost cuts in its third-quarter earnings report, and the stock also benefited from the broader market gains, as interest rates appears to have peaked and inflation is slowing.
Though the business is still struggling, shares had fallen far enough earlier that the stock was able to recover by 22% in November, according to data from S&P Global Market Intelligence. The chart tells the tale.
Source Fool.com
